Procedures for Arbitration. (a) At any time following the 30 business day period set forth in Section 12.02(b), any Party involved in the dispute, controversy or claim (regardless of whether such Party delivered the Escalation Notice) may, unless the Applicable Deadline has passed, make a written demand (the “Arbitration Demand Notice”) that the dispute be resolved by binding arbitration, which Arbitration Demand Notice shall be given to the Parties to the dispute, controversy or claim in the manner set forth in Section 14.09. If any Party shall deliver an Arbitration Demand Notice to another Party, such other Party may itself deliver an Arbitration Demand Notice to such first Party with respect to any related dispute, controversy or claim with respect to which the Applicable Deadline has not passed without the requirement of delivering an Escalation Notice. No Party may assert that the failure to resolve any matter during any discussions or negotiations, the course of conduct during the discussions or negotiations or the failure to agree on a mutually acceptable time, agenda, location or procedures for the meeting, in each case, as contemplated by Section 12.02, is a prerequisite to a demand for arbitration under this Section 12.03. If either Party delivers an Arbitration Demand Notice with respect to any dispute, controversy or claim that is the subject of any then pending arbitration proceeding or of a previously delivered Arbitration Demand Notice, all such disputes, controversies and claims shall be resolved in the arbitration proceeding for which an Arbitration Demand Notice was first delivered unless the arbitrator in his or her sole discretion determines that it is impracticable or otherwise inadvisable to do so. (b) Except as may be expressly provided in any Transaction Agreement, any Arbitration Demand Notice may be given until two years after the later of (i) the occurrence of the act or event giving rise to the underlying claim (it being understood that in the case of a Third-Party Claim, such date shall be the date of assertion of the Third-Party Claim rather than the act or event underlying the Third-Party Claim) and (ii) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the claim (as applicable and as it may in a particular case be specifically extended by the Parties in writing, the “Applicable Deadline”). Any discussions, negotiations or mediations between the Parties pursuant to this Agreement or otherwise will not toll the Applicable Deadline unless expressly agreed in writing by the Parties. Each Party agrees, on behalf of itself and its respective Subsidiaries, that, if an Arbitration Demand Notice with respect to a dispute, controversy or claim is not given on or before the Applicable Deadline, such dispute, controversy or claim will be barred. Subject to Section 12.07(d), upon delivery of an Arbitration Demand Notice pursuant to Section 12.03(a) on or before the Applicable Deadline, the dispute, controversy or claim shall be decided by one or more arbitrators in accordance with the rules set forth in this Article XII.
Appears in 3 contracts
Sources: Separation and Distribution Agreement (Ralcorp Holdings Inc /Mo), Separation and Distribution Agreement (Post Holdings, Inc.), Separation and Distribution Agreement (Post Holdings, Inc.)
Procedures for Arbitration. (a) At any time following after the 30 business day period set forth in completion of the mediation required by Section 12.02(b15.2(b), any Party involved in the dispute, controversy or claim (regardless of whether such Party delivered the Escalation Notice) may, unless the Applicable Deadline (as hereinafter defined) has passedoccurred, make a written demand (the “"Arbitration Demand Notice”") that the dispute be resolved by binding arbitration, which Arbitration Demand Notice shall be given to the Parties to the dispute, controversy or claim in the manner set forth in Section 14.0916.1. If In the event that any Party shall deliver an Arbitration Demand Notice to another Party, such other Party may itself deliver an Arbitration Demand Notice to such first Party with respect to any related dispute, controversy or claim with respect to which the Applicable Deadline has not passed without the requirement of delivering an Escalation Notice. No Party may assert that the failure to resolve any matter during any discussions or negotiations, the course of conduct during the discussions or negotiations or the failure to agree on a mutually acceptable time, agenda, location or procedures for the meeting, in each case, as contemplated by Section 12.0215.2, is a prerequisite to a demand for arbitration under this Section 12.0315.3. If either In the event that any Party delivers an Arbitration Demand Notice with respect to any dispute, controversy or claim that is the subject of any then pending arbitration proceeding or of a previously delivered Arbitration Demand Notice, all such disputes, controversies and claims shall be resolved in the arbitration proceeding for which an Arbitration Demand Notice was first delivered unless the arbitrator in his or her sole discretion determines that it is impracticable or otherwise inadvisable to do so.
(b) Except as may be expressly provided in any Transaction Agreement, any Any Arbitration Demand Notice may be given until two years one year and 45 days after the later of (i) the occurrence of the act or event giving rise to the underlying claim (it being understood that in the case of a Third-Party Claim, such date shall be the date of assertion of the Third-Party Claim rather than the act or event underlying the Third-Party Claim) and (ii) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the claim (as applicable and as it may in a particular case be specifically extended by the Parties in writing, the “"Applicable Deadline”"). Any discussions, negotiations or mediations between the Parties pursuant to this Agreement or otherwise will not toll the Applicable Deadline unless expressly agreed in writing by the Parties. Each Party agrees, agrees on behalf of itself and its respective Subsidiaries, that, Affiliates that if an Arbitration Demand Notice with respect to a dispute, controversy or claim is not given on or before prior to the expiration of the Applicable Deadline, such dispute, controversy or claim will be barred. Subject to Section 12.07(d15.7(d), upon delivery of an Arbitration Demand Notice pursuant to Section 12.03(a15.3(a) on or before prior to the Applicable Deadline, the dispute, controversy or claim shall be decided by one or more arbitrators a sole arbitrator in accordance with the rules set forth in this Article XIISection 15.
Appears in 3 contracts
Sources: Shared Services Agreement (Eloyalty Corp), Shared Services Agreement (Voyager Group Inc/Ca/), Shared Services Agreement (Eloyalty Corp)
Procedures for Arbitration. (a) At any time following the 30 business day period set forth in Section 12.02(b12.2(b) (the “Arbitration Demand Date”), any Party involved in the dispute, controversy or claim (regardless of whether such Party delivered the Escalation Notice) may, unless the Applicable Deadline (as hereinafter defined) has passedoccurred, make a written demand (the “Arbitration Demand Notice”) that the dispute be resolved by binding arbitration, which Arbitration Demand Notice shall be given to the Parties to the dispute, controversy or claim in the manner set forth in Section 14.0914.9. If any Party shall deliver an Arbitration Demand Notice to another Party, such other Party may itself deliver an Arbitration Demand Notice to such first Party with respect to any related dispute, controversy or claim with respect to which the Applicable Deadline has not passed without the requirement of delivering an Escalation Notice. No Party may assert that the failure to resolve any matter during any discussions or negotiations, the course of conduct during the discussions or negotiations or the failure to agree on a mutually acceptable time, agenda, location or procedures for the meeting, in each case, as contemplated by Section 12.0212.2, is a prerequisite to a demand for arbitration under this Section 12.0312.3. If either Party delivers an Arbitration Demand Notice with respect to any dispute, controversy or claim that is the subject of any then pending arbitration proceeding or of a previously delivered Arbitration Demand Notice, all such disputes, controversies and claims shall be resolved in the arbitration proceeding for which an Arbitration Demand Notice was first delivered unless the arbitrator in his or her sole discretion determines that it is impracticable or otherwise inadvisable to do so.
(b) Except as may be expressly provided in any Transaction Operating Agreement, any Arbitration Demand Notice may be given until two years after the later of (i) the occurrence of the act or event giving rise to the underlying claim (it being understood that in the case of a Third-Party Claim, such date shall be the date of assertion of the Third-Party Claim rather than the act or event underlying the Third-Party Claim) and (ii) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the claim (as applicable and as it may in a particular case be specifically extended by the Parties in writing, the “Applicable Deadline”). Any discussions, negotiations or mediations between the Parties pursuant to this Agreement or otherwise will not toll the Applicable Deadline unless expressly agreed in writing by the Parties. Each Party agrees, on behalf of itself and its respective Subsidiaries, that, if an Arbitration Demand Notice with respect to a dispute, controversy or claim is not given on or before prior to the expiration of the Applicable Deadline, such dispute, controversy or claim will be barred. Subject to Section 12.07(d12.7(d), upon delivery of an Arbitration Demand Notice pursuant to Section 12.03(a12.3(a) on or before prior to the Applicable Deadline, the dispute, controversy or claim shall be decided by one or more arbitrators in accordance with the rules set forth in this Article XII.
Appears in 3 contracts
Sources: Separation and Distribution Agreement, Separation and Distribution Agreement (Marathon Petroleum Corp), Separation and Distribution Agreement (Marathon Petroleum Corp)
Procedures for Arbitration. (a) At any time following after the 30 business day period set forth in completion of the mediation required by Section 12.02(b13.2(b) (the "Arbitration Demand Date"), any Party involved in the dispute, controversy or claim (regardless of whether such Party delivered the Escalation Notice) may, unless the Applicable Deadline (as hereinafter defined) has passedoccurred, make a written demand (the “"Arbitration Demand Notice”") that the dispute be resolved by binding arbitration, which Arbitration Demand Notice shall be given to the Parties to the dispute, controversy or claim in the manner set forth in Section 14.0915.9. If In the event that any Party shall deliver an Arbitration Demand Notice to another Party, such other Party may itself deliver an Arbitration Demand Notice to such first Party with respect to any related dispute, controversy or claim with respect to which the Applicable Deadline has not passed without the requirement of delivering an Escalation Notice. No Party may assert that the failure to resolve any matter during any discussions or negotiations, the course of conduct during the discussions or negotiations or the failure to agree on a mutually acceptable time, agenda, location or procedures for the meeting, in each case, as contemplated by Section 12.0213.2, is a prerequisite to a demand for arbitration under this Section 12.0313.3. If either In the event that any Party delivers an Arbitration Demand Notice with respect to any dispute, controversy or claim that is the subject of any then pending arbitration proceeding or of a previously delivered Arbitration Demand Notice, all such disputes, controversies and claims shall be resolved in the arbitration proceeding for which an Arbitration Demand Notice was first delivered unless the arbitrator in his or her sole discretion determines that it is impracticable or otherwise inadvisable to do so.
(b) Except as may be expressly provided in any Transaction Operating Agreement, any Arbitration Demand Notice may be given until two years one year and 45 days after the later of (i) the occurrence of the act or event giving rise to the underlying claim (it being understood that in the case of a Third-Party Claim, such date shall be the date of assertion of the Third-Party Claim rather than the act or event underlying the Third-Party Claim) and (ii) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the claim (as applicable and as it may in a particular case be specifically extended by the Parties in writing, the “"Applicable Deadline”"). Any discussions, negotiations or mediations between the Parties pursuant to this Agreement or otherwise will not toll the Applicable Deadline unless expressly agreed in writing by the Parties. Each Party agrees, agrees on behalf of itself and its respective Subsidiaries, that, Subsidiaries and Affiliates that if an Arbitration Demand Notice with respect to a dispute, controversy or claim is not given on or before prior to the expiration of the Applicable Deadline, such dispute, controversy or claim will be barred. Subject to Section 12.07(d13.7(d), upon delivery of an Arbitration Demand Notice pursuant to Section 12.03(a13.3(a) on or before prior to the Applicable Deadline, the dispute, controversy or claim shall be decided by one or more arbitrators a sole arbitrator in accordance with the rules set forth in this Article XIIXIII.
Appears in 2 contracts
Sources: Reorganization Agreement (Eloyalty Corp), Reorganization Agreement (Eloyalty Corp)
Procedures for Arbitration. (a) At any time following after the 30 business day period set forth in completion of the mediation required by Section 12.02(b13.2(b) (the “Arbitration Demand Date”), any either Party involved in the dispute, controversy or claim (regardless of whether such Party delivered the Escalation Notice) may, unless the Applicable Deadline (as hereinafter defined) has passedoccurred, make a written demand (the “Arbitration Demand Notice”) that the dispute be resolved by binding arbitration, which Arbitration Demand Notice shall be given to the Parties to the dispute, controversy or claim in the manner set forth in Section 14.0915.9. If any either Party shall deliver an Arbitration Demand Notice to another Party, such other Party may itself deliver an Arbitration Demand Notice to such first Party with respect to any related dispute, controversy or claim with respect to which the Applicable Deadline has not passed without the requirement of delivering an Escalation Notice. No Party may assert that the failure to resolve any matter during any discussions or negotiations, the course of conduct during the discussions or negotiations or the failure to agree on a mutually acceptable time, agenda, location or procedures for the meeting, in each case, as contemplated by Section 12.0213.2, is a prerequisite to a demand for arbitration under this Section 12.0313.3. If either Party delivers an Arbitration Demand Notice with respect to any dispute, controversy or claim that is the subject of any then pending arbitration proceeding or of a previously delivered Arbitration Demand Notice, all such disputes, controversies and claims shall be resolved in the arbitration proceeding for which an Arbitration Demand Notice was first delivered unless the arbitrator arbitrator(s) in his his, her or her their sole discretion determines determine(s) that it is impracticable or otherwise inadvisable to do so.
(b) Except as may be expressly provided in any Transaction Operating Agreement, any Arbitration Demand Notice may be given until two years after the later of (i) the occurrence of the act or event giving rise to the underlying claim (it being understood that in the case of a Third-Third Party Claim, such date shall be the date of assertion of the Third-Third Party Claim rather than the act or event underlying the Third-Third Party Claim) and (ii) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the claim (as applicable and as it may in a particular case be specifically extended by the Parties in writing, the “Applicable Deadline”). Any discussions, negotiations or mediations between the Parties pursuant to this Agreement or otherwise will not toll the Applicable Deadline unless expressly agreed in writing by the Parties. Each Party agrees, agrees on behalf of itself and its respective Subsidiaries, that, Subsidiaries and Affiliates that if an Arbitration Demand Notice with respect to a dispute, controversy or claim is not given on or before prior to the expiration of the Applicable Deadline, such dispute, controversy or claim will be barred. Subject to Section 12.07(d13.7(d), upon delivery of an Arbitration Demand Notice pursuant to Section 12.03(a13.3(a) on or before prior to the Applicable Deadline, the dispute, controversy or claim shall be decided by one or more arbitrators in accordance with the rules set forth in this Article XIIXIII.
Appears in 2 contracts
Sources: Separation and Distribution Agreement (Western Union CO), Separation and Distribution Agreement (Western Union CO)
Procedures for Arbitration. (a) At any time following after the 30 business day period set forth in Section 12.02(bcompletion of the mediation required by SECTION 11.2(b) (the "ARBITRATION DEMAND DATE"), any Party involved in the dispute, controversy or claim (regardless of whether such Party delivered the Escalation Notice) may, unless the Applicable Deadline (as hereinafter defined) has passedoccurred, make a written demand (the “Arbitration Demand Notice”"ARBITRATION DEMAND NOTICE") that the dispute be resolved by binding arbitration, which Arbitration Demand Notice shall be given to the Parties to the dispute, controversy or claim in the manner set forth in Section 14.09SECTION 13.9. If In the event that any Party shall deliver an Arbitration Demand Notice to another Party, such other Party may itself deliver an Arbitration Demand Notice to such first Party with respect to any related dispute, controversy or claim with respect to which the Applicable Deadline has not passed without the requirement of delivering an Escalation Notice. No Party may assert that the failure to resolve any matter during any discussions or negotiations, the course of conduct during the discussions or negotiations or the failure to agree on a mutually acceptable time, agenda, location or procedures for the meeting, in each case, as contemplated by Section 12.02SECTION 11.2, is a prerequisite to a demand for arbitration under this Section 12.03SECTION 11.3. If either In the event that any Party delivers an Arbitration Demand Notice with respect to any dispute, controversy or claim that is the subject of any then pending arbitration proceeding or of a previously delivered Arbitration Demand Notice, all such disputes, controversies and claims shall be resolved in the arbitration proceeding for which an Arbitration Demand Notice was first delivered unless the arbitrator in his or her sole discretion determines that it is impracticable or otherwise inadvisable to do so.
(b) Except as may be expressly provided in any Transaction Agreement, any Arbitration Demand Notice may be given until two years after the later of (i) the occurrence of the act or event giving rise to the underlying claim (it being understood that in the case of a Third-Party Claim, such date shall be the date of assertion of the Third-Party Claim rather than the act or event underlying the Third-Party Claim) and (ii) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the claim (as applicable and as it may in a particular case be specifically extended by the Parties in writing, the “Applicable Deadline”). Any discussions, negotiations or mediations between the Parties pursuant to this Agreement or otherwise will not toll the Applicable Deadline unless expressly agreed in writing by the Parties. Each Party agrees, on behalf of itself and its respective Subsidiaries, that, if an Arbitration Demand Notice with respect to a dispute, controversy or claim is not given on or before the Applicable Deadline, such dispute, controversy or claim will be barred. Subject to Section 12.07(d), upon delivery of an Arbitration Demand Notice pursuant to Section 12.03(a) on or before the Applicable Deadline, the dispute, controversy or claim shall be decided by one or more arbitrators in accordance with the rules set forth in this Article XII.
Appears in 1 contract
Procedures for Arbitration. (a) At any time following after the 30 business day period set forth in -------------------------- completion of the mediation required by Section 12.02(b13.2(b) (the "Arbitration Demand --------------- ------------------ Date"), any Party involved in the dispute, controversy or claim (regardless of ---- whether such Party delivered the Escalation Notice) may, unless the Applicable Deadline (as hereinafter defined) has passedoccurred, make a written demand (the “"Arbitration Demand Notice”") that the dispute be resolved by binding -------------------------- arbitration, which Arbitration Demand Notice shall be given to the Parties to the dispute, controversy or claim in the manner set forth in Section 14.0915.9. If In ------------ the event that any Party shall deliver an Arbitration Demand Notice to another Party, such other Party may itself deliver an Arbitration Demand Notice to such first Party with respect to any related dispute, controversy or claim with respect to which the Applicable Deadline has not passed without the requirement of delivering an Escalation Notice. No Party may assert that the failure to resolve any matter during any discussions or negotiations, the course of conduct during the discussions or negotiations or the failure to agree on a mutually acceptable time, agenda, location or procedures for the meeting, in each case, as contemplated by Section 12.0213.2, is a prerequisite to a demand for arbitration ------------ under this Section 12.0313.3. If either In the event that any Party delivers an Arbitration ------------ Demand Notice with respect to any dispute, controversy or claim that is the subject of any then pending arbitration proceeding or of a previously delivered Arbitration Demand Notice, all such disputes, controversies and claims shall be resolved in the arbitration proceeding for which an Arbitration Demand Notice was first delivered unless the arbitrator in his or her sole discretion determines that it is impracticable or otherwise inadvisable to do so.
(b) Except as may be expressly provided in any Transaction Operating Agreement, any Arbitration Demand Notice may be given until two years one year and 45 days after the later of (i) the occurrence of the act or event giving rise to the underlying claim (it being understood that in the case of a Third-Party Claim, such date shall be the date of assertion of the Third-Party Claim rather than the act or event underlying the Third-Party Claim) and (ii) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the claim (as applicable and as it may in a particular case be specifically extended by the Parties in writing, the “"Applicable Deadline”"). Any discussions, ------------------- negotiations or mediations between the Parties pursuant to this Agreement or otherwise will not toll the Applicable Deadline unless expressly agreed in writing by the Parties. Each Party agrees, agrees on behalf of itself and its respective Subsidiaries, that, Subsidiaries and Affiliates that if an Arbitration Demand Notice with respect to a dispute, controversy or claim is not given on or before prior to the expiration of the Applicable Deadline, such dispute, controversy or claim will be barred. Subject to Section 12.07(d13.7(d), upon delivery of an Arbitration Demand Notice --------------- pursuant to Section 12.03(a13.3(a) on or before prior to the Applicable Deadline, the --------------- dispute, controversy or claim shall be decided by one or more arbitrators a sole arbitrator in accordance with the rules set forth in this Article XII.XIII. ------------
Appears in 1 contract
Sources: Reorganization Agreement (Technology Solutions Company)
Procedures for Arbitration. (a) At any time following after the 30 business day period set forth in completion of the mediation required by Section 12.02(b13.2(b), any either Party involved in the dispute, controversy or claim (regardless of whether such Party delivered the Escalation Notice) may, unless the Applicable Deadline (as hereinafter defined) has passedoccurred, make a written demand (the “Arbitration Demand Notice”) that the dispute be resolved by binding arbitration, which Arbitration Demand Notice shall be given to the Parties to the dispute, controversy or claim in the manner set forth in Section 14.0915.9. If any either Party shall deliver an Arbitration Demand Notice to another Party, such other Party may itself deliver an Arbitration Demand Notice to such first Party with respect to any related dispute, controversy or claim with respect to which the Applicable Deadline has not passed without the requirement of delivering an Escalation NoticeNotice or engaging in mediation as provided in Section 13.2. No Party may assert that the failure to resolve any matter during any discussions or negotiations, the course of conduct during the discussions or negotiations or the failure to agree on a mutually acceptable time, agenda, location or procedures for the meeting, in each case, as contemplated by Section 12.0213.2, is a prerequisite to a demand for arbitration under this Section 12.0313.3. If either Party delivers an Arbitration Demand Notice with respect to any dispute, controversy or claim that is the subject of any then pending arbitration proceeding or of a previously delivered Arbitration Demand Notice, all such disputes, controversies and claims shall be resolved in the arbitration proceeding for which an Arbitration Demand Notice was first delivered unless the arbitrator arbitrator(s) in his his, her or her their sole discretion determines determine(s) that it is impracticable or otherwise inadvisable to do so.
(b) Except as may be expressly provided in any Transaction Operating Agreement, any Arbitration Demand Notice may be given until two years after the later of (i) the occurrence of the act or event giving rise to the underlying claim (it being understood that in the case of a Third-Third Party Claim, such date shall be the date of assertion of the Third-Third Party Claim rather than the act or event underlying the Third-Third Party Claim) and (ii) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the claim (as applicable and as it may in a particular case be specifically extended by the Parties in writing, the “Applicable Deadline”). Any discussions, negotiations or mediations between the Parties pursuant to this Agreement or otherwise will not toll the Applicable Deadline unless expressly agreed in writing by the Parties. Each Party agrees, agrees on behalf of itself and its respective Subsidiaries, that, Subsidiaries and Affiliates that if an Arbitration Demand Notice with respect to a dispute, controversy or claim is not given on or before prior to the expiration of the Applicable Deadline, such dispute, controversy or claim will be barred. Subject to Section 12.07(d13.7(d), upon delivery of an Arbitration Demand Notice pursuant to Section 12.03(a13.3(a) on or before prior to the Applicable Deadline, the dispute, controversy or claim shall be decided by one or more arbitrators in accordance with the rules set forth in this Article XIIXIII.
Appears in 1 contract
Sources: Separation and Distribution Agreement (Western Union CO)
Procedures for Arbitration. (a) At any time following after the 30 business day period set forth in completion of the mediation required by Section 12.02(b13.2(b) (the "Arbitration Demand Date"), any Party involved in the dispute, controversy or claim (regardless of whether such Party delivered the Escalation Notice) may, unless the Applicable Deadline (as hereinafter defined) has passedoccurred, make a written demand (the “"Arbitration Demand Notice”") that the dispute be resolved by binding arbitration, which Arbitration Demand Notice shall be given to the Parties to the dispute, controversy or claim in the manner set forth in Section 14.0915.9. If In the event that any Party shall deliver an Arbitration Demand Notice to another Party, such other Party may itself deliver an Arbitration Demand Notice to such first Party with respect to any related dispute, controversy or claim with respect to which the Applicable Deadline has not passed without the requirement of delivering an Escalation Notice. No Party may assert that the failure to resolve any matter during any discussions or negotiations, the course of conduct during the discussions or negotiations or the failure to agree on a mutually acceptable time, agenda, location or procedures for the meeting, in each case, as contemplated by Section 12.0213.2, is a prerequisite to a demand for arbitration under this Section 12.0313.3. If either In the event that any Party delivers an Arbitration Demand Notice with respect to any dispute, controversy or claim that is the subject of any then pending arbitration proceeding or of a previously delivered Arbitration Demand Notice, all such disputes, controversies and claims shall be resolved in the arbitration proceeding for which an Arbitration Demand Notice was first delivered unless the arbitrator in his or her sole discretion determines that it is impracticable or otherwise inadvisable to do so.
(b) Except as may be expressly provided in any Transaction Operating Agreement, any Arbitration Demand Notice may be given until two years one year and 45 days after the later of (i) the occurrence of the act or event giving rise to the underlying claim (it being understood that in the case of a Third-Party Claim, such date shall be the date of assertion of the Third-Party Claim rather than the act or event underlying the Third-Party Claim) and (ii) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the claim (as applicable and as it may in a particular case be specifically extended by the Parties in writing, the “"Applicable Deadline”"). Any discussions, negotiations or mediations between the Parties pursuant to this Agreement or otherwise will not toll the Applicable Deadline unless expressly agreed in writing by the Parties. Each Party agrees, agrees on behalf of itself and its respective Subsidiaries, that, Subsidiaries and Affiliates that if an Arbitration Demand Notice with respect to a dispute, controversy controversy, or claim is not given on or before prior to the expiration of the Applicable Deadline, such dispute, controversy or claim will be barred. Subject to Section 12.07(d13.7(d), upon delivery of an Arbitration Demand Notice pursuant to Section 12.03(a13.3(a) on or before prior to the Applicable Deadline, the dispute, controversy or claim shall be decided by one or more arbitrators a sole arbitrator in accordance with the rules set forth in this Article XIIXIII shall decide the dispute, controversy, or claim.
Appears in 1 contract